Quadriga Announces Resignation of Directors

February 29, 2016 09:00 AM Eastern Standard Time

TORONTO--(BUSINESS WIRE)--Quadriga FinTech Solutions Corp. (the “Company”) announces
thatAnthony Milewski and Lovie Horner have resigned as Directors
of the Company effective immediately. The board of directors is
currently conducting a search to fill the vacant roles and would like to
thank both Mr. Milewski and Ms. Horner for their efforts and
contributions to the Company.

About the Company

Quadriga FinTech Solutions Corp. is a leading pioneer in the digital
currency space. The company provides a wide range of innovative products
and services, including Canada’s longest-running Bitcoin trading
platform, merchant payment processing platform and Canada’s first R&D
lab for Blockchain technology. Quadriga is regulated by the Financial
Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money
Services Business. FINTRAC is the main supervisory body that oversees
and regulates Canada’s financial services industry. With
industry-leading security and ease of use, Quadriga is driving
innovation in the rapidly-expanding Blockchain and digital currency
services sector.

Forward-Looking Information:

This press release may include forward-looking information within the
meaning of Canadian securities legislation. The forward-looking
information is based on certain key expectations and assumptions made by
the management of the Company. Although the companies believe that the
expectations and assumptions on which such forward-looking information
is based are reasonable, undue reliance should not be placed on the
forward-looking information because the companies cannot provide any
assurance that it will prove to be correct. These forward-looking
statements are made as of the date of this press release and the
companies disclaim any intent or obligation to update publicly any
forward-looking information, whether as a result of new information,
future events or results or otherwise, other than as required by
applicable securities laws.